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Calculating adjusted net income
Calculating adjusted net income and why it matters Adjusted net income is a key measure of income for tax purposes. It is…
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Simple Assessment Letter
Dealing with a Simple Assessment letter Simple Assessment is used by HMRC to collect tax underpayments from taxpayers with straightforward tax affairs….
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How to register for VAT
When do you need to register for VAT and how do you do it? If you are running a business, regardless of…
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Loans from a company to family
Making a loan from a personal company to a family member There are many possible situations in which a person may make…
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Capital Allowance for cars
Capital allowances for cars Cars are a special case when it comes to capital allowances. While capital allowances may be claimed on…
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Property Rental Toolkit
Take advantage of the property rental toolkit HMRC publish a property rental toolkit which can be used to avoid making common errors…
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Rent on SIPP
Tax implications of failing to pay rent on a property held in a SIPP Using a Self Invested Personal Pension (SIPP) to…
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Post letting expenses
Relief for post-letting expenses All good things come to an end, and a property rental business is no exception. However, expenses may…
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Cash in the company?
Too much cash in the company? Although many companies are facing difficult times, some have managed to accumulate a sizeable amount of…
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HMRC collecting outstanding taxes
HMRC has methods of collecting outstanding taxes Tax bills need to be paid on time otherwise interest and possibly penalties will accrue….
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